Investment adviser · CRD 328587

APC ASSET DEVELOPMENT II, LP

Investment adviser filing (IA)

NEWPORT BEACH, CA, United States · Form ADV filed Mar 30, 2026

Regulatory AUM: $2.06B
Client accounts: 6
Employees: 46
Advisory professionals: 22

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	6	$2,060,624,142	100.0%

Filing source

Form ADV 2077456 · Mar 30, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

6 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

TRESTLES CLO IX, LTD.Securitized Asset Fund · Last reported Mar 30, 2026$509MGross asset value

Fund administrator SIEPE, LLC DALLAS, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Custodian CITIBANK, N.A. JERSEY CITY, New Jersey, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

CITIBANK, N.A.
LEI E57ODZWZ7FF32TWEFA76

Fund details & source

Fund ID: 805-7785213542
Reported beneficial owners: 1
Minimum commitment: $250K

Form ADV 2077456 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TRESTLES CLO VIII, LTD.Securitized Asset Fund · Last reported Mar 30, 2026$418MGross asset value

Fund administrator SIEPE, LLC DALLAS, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Custodian CITIBANK, N.A. JERSEY CITY, New Jersey, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

CITIBANK, N.A.
LEI E57ODZWZ7FF32TWEFA76

Fund details & source

Fund ID: 805-5841877244
Reported beneficial owners: 1
Minimum commitment: $250K

Form ADV 2077456 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TRESTLES CLO VII, LTD.Securitized Asset Fund · Last reported Mar 30, 2026$406MGross asset value

Fund administrator SIEPE, LLC DALLAS, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Custodian CITIBANK, N.A. JERSEY CITY, New Jersey, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

CITIBANK, N.A.
LEI E57ODZWZ7FF32TWEFA76

Fund details & source

Fund ID: 805-9549330783
Reported beneficial owners: 1
Minimum commitment: $250K

Form ADV 2077456 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TRESTLES CLO VI, LTD.Securitized Asset Fund · Last reported Mar 30, 2026$405MGross asset value

Fund administrator SIEPE, LLC DALLAS, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Custodian CITIBANK, N.A. JERSEY CITY, New Jersey, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

CITIBANK, N.A.
LEI E57ODZWZ7FF32TWEFA76

Fund details & source

Fund ID: 805-8621010223
Reported beneficial owners: 1
Minimum commitment: $250K

Form ADV 2077456 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TRESTLES CLO X, LTD.Securitized Asset Fund · Last reported Mar 30, 2026$154MGross asset value

Fund administrator SIEPE, LLC DALLAS, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Custodian CITIBANK, N.A. JERSEY CITY, New Jersey, United States Related to adviser: No

Marketer MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

CITIBANK, N.A.
LEI E57ODZWZ7FF32TWEFA76

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-9785576055
Reported beneficial owners: 1
Minimum commitment: $2M

Form ADV 2077456 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

APC ASSET DEVELOPMENT II, LPPrivate Equity Fund · Last reported Mar 30, 2026$56.1MGross asset value

Form D fundraising filings

APC Asset Development II, LP

Fund administrator APEX FUND SERVICES (SFO) LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor COHNREZNICK, LLP LOS ANGELES, California, United States

Custodian U.S. BANK NATIONAL ASSOCIATION MINNEAPOLIS, Minnesota, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

COHNREZNICK, LLP
PCAOB 596

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-2794686451
Reported beneficial owners: 2
Minimum commitment: $1M
Form D file number: 021-503124

Form ADV 2077456 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 30, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

840 NEWPORT CENTER DRIVE, 7TH FLOOR
NEWPORT BEACH, CA, 92660, United States

CRD 328587

Filing source

Form ADV 2077456 · Mar 30, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.